Spontaneous order
What will be an ideal response?
result of human action, not of human design
You might also like to view...
The quantitative difference between areas Q1bcQ2 and p1p2ba in the diagram measures
A. marginal cost. B. total revenue. C. marginal revenue. D. average revenue
The nominal interest rate on a loan with an annual inflation rate of ? and a real interest rate i is represented as:
a. i+?i? b. i+??i? c. i+??i? d. i+?-i?
A point on a nation's production possibilities curve represents
A. The full employment of resources to achieve a particular combination of goods and services. B. Combinations of production that are unattainable, given current technology and resources. C. An undesirable combination of goods and services. D. Levels of production that will cause both unemployment and inflation.
The decision to smoke cigarettes is not subject to present bias because the health risks of smoking cigarettes are widely known.
Answer the following statement true (T) or false (F)